The Fair Share Report
240 E Forest Ave
Teaneck, NJ 07666
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
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Step 1 · Market value
Likely range $623,222 – $774,353, from 12 comparable Teaneck sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Teaneck assessments sit below market value — republished every October, applied town-wide. A $648,781 home should be assessed near $582,930.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $127,030 below what the ratio math suggests (21.8%).
Step 4 · The tax rate — same for every Teaneck home
$1.250 Schools · 55% $0.241 County · 11% $0.800 Town · 35%
Step 5 · The bill
This home vs. every recent Teaneck sale · assessed ÷ market
53%109%
Keep quiet and enjoy it
This home's assessment ratio sits below the Teaneck pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 277 HARDING AVE | 2026-02 | $680,000 | 1,844 | 73.9% |
| 527 CUMBERLAND AVE | 2025-12 | $635,000 | 1,797 | 79.9% |
| 248 E FOREST AVE | 2026-04 | $545,920 | 1,900 | 85.8% |
| 63 SELVAGE AVE | 2025-02 | $900,000 | 1,836 | 60.0% |
| 88 LINDBERGH BLVD | 2025-08 | $615,000 | 1,796 | 97.4% |
| 843 BELLE AVE | 2026-01 | $750,000 | 1,816 | 80.5% |
| 884 HELEN ST | 2025-07 | $665,000 | 1,884 | 83.2% |
| 140 JOHNSON AVE | 2025-06 | $675,000 | 1,938 | 86.6% |
| 260 SHERMAN AVE | 2025-10 | $605,000 | 1,773 | 92.7% |
| 482 STANDISH RD | 2025-10 | $665,000 | 1,859 | 83.5% |
| 973 GARRISON AVE | 2025-08 | $749,999 | 1,734 | 69.1% |
| 42 GRAYSON PL | 2025-09 | $685,000 | 1,827 | 75.8% |
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